Frank Sperandio, Jay Maiolini & Keith O'Dowd Acquire Office Property In Westchester County For $5.6M
SOLD
$5,600,000
+ 3
New York
See Similar DealsOffice25,000 SF
Sold 04/29/2022
SOLD
Frank Sperandio, Jay Maiolini & Keith O'Dowd Acquire Office Property In Westchester County For $5.6M
334 Underhill Avenue, Yorktown Heights, New York 10598, United States
See Similar DealsOffice25,000 SF
Sold 04/29/2022
+ 3
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$224
Total Square Footage:25,000 SF
Transaction Type:Sale
Located in Westchester County, the office property at 334 Underhill Ave. has been sold for a price of $5,600,000. The transaction took place on 04/29/2022 and involved a total area of 25,000 square feet. The property, sold by Bob Spaddacia and John Devito, was bought by Frank Sperandio, Jay Maiolini, and Keith O'Dowd. The sale price equates to approximately $224 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,600,000
- Square Footage: 25,000
- Address: 334 Underhill Ave.
- Market: Westchester County
Redwood Realty Advisors represented the buyers in this transaction. Sean Campbell, Michael Scrima, and Thomas Gorman, Jr. from Redwood Realty Advisors were the brokers responsible for the deal.
Notably, Sean Campbell is the person in charge of all retail and office sales for Redwood's New York office, specifically serving the lower Hudson Valley region.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
Is there something missing? Send suggestions